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A comment on China’s ponzi-like property market is eroding faith in the state. Parent comment

Re:China’s ponzi-like property market is eroding faith in th... by scooke on Tuesday September 13, 2022 @12:28PM (#32826488)
If you didn't know that, there is SO MUCH more to discover. It's not just an alternate political system... It's a while different world about which most in the West have no comprehension.
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Re:China’s ponzi-like property market is eroding faith in th... by kurupt213 on Tuesday September 13, 2022 @05:59PM (#32830718)
How does a real estate market blow up when you aren’t buying the assets?
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Re:China’s ponzi-like property market is eroding faith in th... by aaaaaaaaata on Wednesday September 14, 2022 @02:01AM (#32833758)
Market forces — just different ones.
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Re:China’s ponzi-like property market is eroding faith in th... by namelessoracle on Tuesday September 13, 2022 @12:53PM (#32826906)
I thought it was the same now in parts of Europe like London too?
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Re:China’s ponzi-like property market is eroding faith in th... by Ekaros on Tuesday September 13, 2022 @04:01PM (#32829501)
It can vary. Part of land can be rented and part sold. There might be clauses for buying the land outright. Even partially.

On other hand the funding model of local governments in China is entirely different than in west. Main source of revenue has been selling land use rights for development.

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Re:China’s ponzi-like property market is eroding faith in th... by kurupt213 on Tuesday September 13, 2022 @05:58PM (#32830711)
I thought in London most of the real estate is already owned by the Crown Trust (formerly the regent) and not available for sale.
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